A coalition of 13 states joined by more than 200 mayors have expressed their commitment to uphold the 2015 Paris Climate Agreement after President Trump’s decision to withdraw from the accord. Climate efforts continues to shift to regional and state levels as demonstrated by the quick response from states and cities nationwide.
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Results of California’s February 2017 quarterly carbon auction continue to reflect overall market volatility over the past year, due to the ambiguity over the post-2020 cap-and-trade program and pending litigation over the program’s legality. A resolution of legal uncertainties and clarity over the future direction of the cap-and-trade program will increase market activity as participants perceive greater certainty.
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Results of California’s February 2017 quarterly carbon auction continue to reflect overall market volatility over the past year, due to the ambiguity over the post-2020 cap-and-trade program and pending litigation over the program’s legality. A resolution of legal uncertainties and clarity over the future direction of the cap-and-trade program will increase market activity as participants perceive greater certainty.
The Environmental Protection Agency (EPA) has issued the Cross-State Air Pollution Rule Update establishing new ozone season NOX emission budgets for electric generating units in 22 eastern states that impair downwind states’ ability to meet the 2008 ozone standard. The rule will be implemented through the existing ozone season NOX trading program starting from the 2017 ozone season (May through September).
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The Environmental Protection Agency (EPA) has issued the Cross-State Air Pollution Rule Update establishing new ozone season NOX emission budgets for electric generating units in 22 eastern states that impair downwind states’ ability to meet the 2008 ozone standard. The rule will be implemented through the existing ozone season NOX trading program starting from the 2017 ozone season (May through September).
The California Legislature has passed SB 32, which extends the state’s climate policies through 2030, and its companion bill AB 197, which increases legislative oversight of the California Air Resources Board (CARB). The passed measures set the stage for additional requirements to reshape the mix of market and regulatory mechanisms to further renewable energy, building energy efficiency, and vehicle electrification.
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The California Air Resources Board (CARB) has issued a proposal to comply with the Clean Power Plan (CPP) based on California’s existing cap-and-trade program, together with complementary state policies, such as renewable fuel standards and energy efficiency requirements. The action makes California the first state to forge ahead with CPP implementation efforts despite pending judicial review and adds momentum to integrating existing market-based emissions programs as an efficient way to comply with the CPP.
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The California Air Resources Board (CARB) has issued a proposal to comply with the Clean Power Plan (CPP) based on California’s existing cap-and-trade program, together with complementary state policies, such as renewable fuel standards and energy efficiency requirements.
On July 15, 2016 the U.S. Court of Appeals for the Fifth Circuit granted a stay of the Environmental Protection Agency’s (EPA) regional haze rule for Texas and Oklahoma pending judicial review. The decision questions the Agency’s ability to claim that regional rules have national scope and adds to the list of pending litigations against EPA regulations, most notably, the Supreme Court’s February action granting a stay of the Clean Power Plan (CPP) which set carbon dioxide regulations for existing fossil fuel-fired power plants. Ongoing litigations highlight increasing judicial scrutiny of EPA regulations due to accusations of overreach and failure to properly consider costs and impacts of proposed or finalized rules.
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Court stay of the Environmental Protection Agency’s (EPA) regional haze rule for Texas and Oklahoma highlights the increasing judicial scrutiny of EPA regulations due to accusations of overreach and failure to properly consider costs and impacts of proposed or finalized rules.
The Supreme Court’s unprecedented move to halt the Clean Power Plan is a major setback to a rule that forms the centerpiece of President Obama’s broader plan to address climate change and reflects the Court’s concerns over EPA overreach. State utility regulators now have to carefully decide whether to suspend or pursue compliance planning efforts given uncertainties over the outcome of the judicial review. Climate change, which has traditionally drawn little attention from voters, is likely to become a prominent factor in the 2016 presidential election.
Key Takeaways: President Obama emphasized progress his Administration has made in renewable energy growth and climate action in his 2016 State of the Union address Newly proposed reforms to the federal government’s management of oil and coal resources would impose additional costs to reflect environmental impacts The Obama Administration is determined to safeguard climate policy…...
